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Source: FNDS3000 Corp
FNDS3000 CORP RECEIVES 20,000 CARD ORDER
Ponte Vedra Beach, FL, April 8, 2008—FNDS3000 Corp (OTCBB - FDTC) (Frankfurt: “FT4,” A0MWLG) announces the receipt of 20,000 co-branded prepaid card order from South Africa. This card will be issued under the “Diamond Cash Card” brand and will be distributed by Symelation Corp to it’s customers from the beginning of May.
Victoria Vaksman, EVP of FNDS3000 stated, “We are delighted to announce that in preparation to the launch of our first Payroll Card Program in South Africa our partners have ordered 20,000 payroll cards. This first order is extremely important for us as it indicates the launch of our operations in South Africa”
Sybille McCloghrie, President of Symelation stated ”Our customers are very excited by the flexibility and functionality offered by Diamond Cash Cards in the Payroll arena and the placement of this first order is of great importance to us in actually fulfilling the demand that has built up. We believe that this order is the tip of the iceberg
Michael Dodak, CEO of FundsTech Corp, stated, “As the installation and certification of our prepaid platform in Johannesburg nears completion, our first order of business is to begin to deliver our approximately 1.5 million card backlog through our Strategic Partners to their clients. This new order for 20,000 additional cards keeps us on track to achieving our next milestone of becoming cash flow positive during the third quarter of 2008”
About FNDS3000 Corp
FNDS3000 Corp is a financial services company that provides prepaid and debit cards to the over 1 Billion working population worldwide who do not have a bank account. This market is estimated at over $100 Billion on an annual basis. The Industry average revenue for prepaid payroll cards is $12.00 per month per card. Our payroll card product allows the employer to replace payroll checks for their un-banked and other workers. In addition it allows employers to use the card where they now have to pay their employees in cash, which is estimated to be over 50% of the worldwide working population. Our cards allows for the domestic and international money transfer providing an inexpensive, safe and secure alternative to traditional money transfer companies like Western Union® and MoneyGram®, a market estimated to be over $100 Billion annually. Our suite of card products can be used at millions of retailers and ATM’s on a worldwide basis. Other services include Gift cards, bill pay, prepaid cellular, etc.
Matters discussed in this press release contain forward looking statements as defined under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are limited to, the time frame for production of revenue, product development and commercial introduction, the impact of rapid price and technological change and competition, manufacturing and supply uncertainties and other risks as may be detailed from time to time in the Company's periodic reports filed with the Securities & Exchange Commission.
Contact: FNDS3000 Corp |
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